Concurrent Investment Advisors LLC Buys 193 Shares of Welltower Inc. $WELL

Concurrent Investment Advisors LLC increased its stake in shares of Welltower Inc. (NYSE:WELL) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,725 shares of the real estate investment trust’s stock after acquiring an additional 193 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Welltower were worth $3,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its stake in Welltower by 3.9% during the first quarter. LPL Financial LLC now owns 258,052 shares of the real estate investment trust’s stock worth $39,536,000 after acquiring an additional 9,678 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Welltower by 55.6% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,013,247 shares of the real estate investment trust’s stock worth $461,660,000 after acquiring an additional 1,076,293 shares in the last quarter. Jump Financial LLC bought a new position in Welltower during the first quarter worth $1,697,000. Beacon Financial Planning Inc. boosted its stake in Welltower by 6.8% during the first quarter. Beacon Financial Planning Inc. now owns 27,893 shares of the real estate investment trust’s stock worth $4,274,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in Welltower by 61.4% during the first quarter. Summit Trail Advisors LLC now owns 6,756 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 2,571 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on WELL shares. KeyCorp raised their price objective on shares of Welltower from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, September 23rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Welltower in a research note on Tuesday, September 2nd. UBS Group started coverage on shares of Welltower in a research note on Friday, September 19th. They issued a “buy” rating and a $195.00 price objective on the stock. Evercore ISI raised their price objective on shares of Welltower from $175.00 to $183.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company raised their price objective on shares of Welltower from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Welltower has a consensus rating of “Moderate Buy” and a consensus target price of $180.69.

Welltower Stock Performance

Shares of WELL stock opened at $166.68 on Tuesday. The firm has a 50-day moving average of $168.55 and a 200-day moving average of $157.58. The company has a market cap of $111.48 billion, a P/E ratio of 94.17, a P/E/G ratio of 1.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.19 and a quick ratio of 4.19. Welltower Inc. has a one year low of $123.11 and a one year high of $180.40.

Welltower (NYSE:WELL) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. Welltower had a net margin of 12.18% and a return on equity of 3.38%. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. Welltower has set its FY 2025 guidance at 5.060-5.14 EPS. Equities research analysts forecast that Welltower Inc. will post 4.88 EPS for the current fiscal year.

Welltower Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a $0.74 dividend. This is a positive change from Welltower’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Welltower’s payout ratio is presently 167.23%.

Welltower Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.